ANET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ANET
Largest movements
- Cash +€7,567
up €7,567 (+90.4%), from €8,372 to €15,939
mainly Depreciation (+€7,678) and Net result for the year (+€4,173)
- Tangible fixed assets -€6,235
down €6,235 (-11.6%), from €53,838 to €47,603
of which Land and buildings: -€6,976
- Receivables within one year -€2,675
down €2,675 (-67.0%), from €3,994 to €1,319
- Short-term financial debts -€4,765
down €4,765 (-13.1%), from €36,382 to €31,617
- Profit (loss) carried forward +€4,172
up €4,172 (+31.5%), from -€13,236 to -€9,064
- Accrued charges and deferred income -€3,175
down €3,175 (-13.4%), from €23,745 to €20,570
- Trade debts +€1,644
up €1,644 (+179%), from €921 to €2,565
- Depreciation -€4,191
down €4,191 (-35.3%), from €11,869 to €7,678
- Taxes -€4,136
no longer reported in 2025 (was €4,136)
- Financial income -€1,200
down €1,200 (-100%), from €1,200 to €0
of which Financial income: -€1,200
- Gross operating margin -€1,103
down €1,103 (-4.9%), from €22,678 to €21,575
- Staff costs -€877
down €877 (-100%), from €877 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,801 | €69,181 | -€1,620 | -2.3% |
| Fixed assets | 21/28 | €53,838 | €47,603 | -€6,235 | -11.6% |
| Tangible fixed assets | 22/27 | €53,838 | €47,603 | -€6,235 | -11.6% |
| Land and buildings | 22 | €53,349 | €46,373 | -€6,976 | -13.1% |
| Plant, machinery and equipment | 23 | €489 | €1,230 | +€741 | +152% |
| Current assets | 29/58 | €16,963 | €21,578 | +€4,615 | +27.2% |
| Stocks and contracts in progress | 3 | €4,597 | €4,320 | -€277 | -6.0% |
| Stocks | 30/36 | €4,597 | €4,320 | -€277 | -6.0% |
| Amounts receivable within one year | 40/41 | €3,994 | €1,319 | -€2,675 | -67.0% |
| Trade receivables | 40 | €3,994 | €1,319 | -€2,675 | -67.0% |
| Cash at bank and in hand | 54/58 | €8,372 | €15,939 | +€7,567 | +90.4% |
| Total equity and liabilities | 10/49 | €70,801 | €69,181 | -€1,620 | -2.3% |
| Equity | 10/15 | €7,224 | €11,396 | +€4,172 | +57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,236 | -€9,064 | +€4,172 | +31.5% |
| Amounts payable | 17/49 | €63,577 | €57,785 | -€5,792 | -9.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €39,832 | €37,215 | -€2,617 | -6.6% |
| Financial debts | 43 | €36,382 | €31,617 | -€4,765 | -13.1% |
| Credit institutions | 430/8 | €36,382 | €31,617 | -€4,765 | -13.1% |
| Trade debts | 44 | €921 | €2,565 | +€1,644 | +179% |
| Suppliers | 440/4 | €921 | €2,565 | +€1,644 | +179% |
| Taxes, remuneration and social security | 45 | €2,529 | €3,033 | +€504 | +19.9% |
| Taxes | 450/3 | €2,529 | €3,033 | +€504 | +19.9% |
| Accrued charges and deferred income | 492/3 | €23,745 | €20,570 | -€3,175 | -13.4% |
| Remuneration, social security and pensions | 62 | €877 | €0 | -€877 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,869 | €7,678 | -€4,191 | -35.3% |
| Other operating charges | 640/8 | €5,253 | €5,612 | +€359 | +6.8% |
| Gross operating margin | 9900 | €22,678 | €21,575 | -€1,103 | -4.9% |
| Operating profit (loss) | 9901 | €4,679 | €8,285 | +€3,606 | +77.1% |
| Financial income | 75/76B | €1,200 | €0 | -€1,200 | -100% |
| Recurring financial income | 75 | €1,200 | €0 | -€1,200 | -100% |
| Non-recurring financial income | 76B | €1,200 | €0 | -€1,200 | -100% |
| Financial charges | 65/66B | €4,213 | €4,112 | -€101 | -2.4% |
| Recurring financial charges | 65 | €4,213 | €4,112 | -€101 | -2.4% |
| Non-recurring financial charges | 66B | €4,213 | €4,112 | -€101 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €1,666 | €4,173 | +€2,507 | +150% |
| Income taxes | 67/77 | €4,136 | - | -€4,136 | |
| Profit (loss) for the period | 9904 | -€2,470 | €4,173 | +€6,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,470 | €4,173 | +€6,643 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.